ETLK.DE vs. XEON.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 5 years, ETLK.DE returned 5.51%/yr vs 1.94%/yr for XEON.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
ETLK.DE vs. XEON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly higher than XEON.DE's 0.80% return.
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
ETLK.DE vs. XEON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.46% |
Correlation
The correlation between ETLK.DE and XEON.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | -0.01 |
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Return for Risk
ETLK.DE vs. XEON.DE — Risk / Return Rank
ETLK.DE
XEON.DE
ETLK.DE vs. XEON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ETLK.DE | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.77 | ||
| Sortino ratioReturn per unit of downside risk | -19.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 4.27 | -3.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 69.36 | -67.02 |
| Martin ratioReturn relative to average drawdown | 6.47 | 316.53 | -310.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETLK.DE | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 8.94 | -7.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 7.54 | -7.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.74 | -0.34 |
Drawdowns
ETLK.DE vs. XEON.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and XEON.DE.
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Drawdown Indicators
| ETLK.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -3.71% | -33.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -0.03% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -0.08% | -19.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -0.71% | -19.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.01% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -0.92% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.01% | +2.15% |
Volatility
ETLK.DE vs. XEON.DE - Volatility Comparison
L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a higher volatility of 3.38% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that ETLK.DE's price experiences larger fluctuations and is considered to be riskier than XEON.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLK.DE | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 0.04% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 0.16% | +9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 0.22% | +11.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 0.25% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 0.39% | +17.82% |
ETLK.DE vs. XEON.DE - Expense Ratio Comparison
Both ETLK.DE and XEON.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ETLK.DE vs. XEON.DE - Dividend Comparison
Neither ETLK.DE nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and XEON.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE and XEON.DE have the same expense ratio: 0.10% per year.
ETLK.DE is categorized as Asia Pacific Equities, while XEON.DE is Bank Loan. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Legal & General and Xtrackers.
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